Qafco signs ammonia deal
Qatar Fertiliser Company (Qafco) has signed a feedstock agreement with Jordan Phosphates Mines Company (JPMC) for the supply of up to 130,000 tonnes of ammonia.
'The agreement is an addendum to an existing contract with JPMC signed in 2004 to supply 80,000 tonnes of ammonia,' says a Qafco representative. 'Qafco will now supply 130,000 tonnes with an option to supply an additional 30,000.' JPMC will use the ammonia at its Aqaba fertiliser complex, 15 kilometres south of Aqaba.
In early March, the Council of Ministers approved the saleof the government's remaining 37 per cent stake in JPMC to the Brunei Investment Agency at$4 a share. The $111 million transaction involved 27.75 million shares, 37 per cent of the company's 75 million total. JPMC is the world's sixth biggest phosphates producer (MEED 10:3:06).
Qatar Fertiliser Company (Qafco) has signed a feedstock agreement with Jordan Phosphates Mines Company (JPMC) for the supply of up to 130,000 tonnes of ammonia.
'The agreement is an addendum to an existing contract with JPMC signed in 2004 to supply 80,000 tonnes of ammonia,' says a Qafco representative. 'Qafco will now supply 130,000 tonnes with an option to supply an additional 30,000.' JPMC will use the ammonia at its Aqaba fertiliser complex, 15 kilometres south of Aqaba. In early March, the Council of Ministers approved the saleof the government's remaining 37 per cent stake in JPMC to the Brunei Investment Agency at$4 a share. The $111 million transaction involved 27.75 million shares, 37 per cent of the company's 75 million total. JPMC is the world's sixth biggest phosphates producer (MEED 10:3:06).This content is only available to full MEED package subscribers (MEED magazine and MEED.com).
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